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$ 2,898,000
Est. payment /mo
Price Dropped by $100K
260 Okanagan Avenue E Penticton, BC V2A3J7
0.68 Acres Lot
UPDATED:
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Subdivision Industrial Area
MLS® Listing ID 10367383
Year Built 1960
Lot Size 0.680 Acres
Acres 0.68
Source Association of Interior REALTORS®
Property Description
High-Profile Corner Investment Property. Exceptional opportunity to acquire a prominently positioned commercial building fronting both Okanagan Avenue and Camrose Street. This property has undergone extensive renovations over the past four years, with reported improvements totaling approximately $1.2 million. Offering 33,784 square feet of gross leasable area on a flat 0.68-acre parcel, this M1-zoned (Mixed Urban Centre Commercial) property accommodates a strong and diverse mix of commercial and light industrial tenants. The current tenant roster provides a stable and diversified income stream, effectively mitigating risk for an investor. Additional highlights include 18 on-site parking stalls, an elevator, and accessible washrooms, ensuring convenience and compliance for all occupants. A true armchair investment, this is a turnkey asset in a prime location with significant capital improvements already completed. (id:24570)
Location
Province BC
Rooms
Kitchen 0.0
Interior
Heating Other
Cooling Central air conditioning
Exterior
Parking Features No
View Y/N No
Roof Type Unknown,Unknown
Total Parking Spaces 18
Private Pool No
Building
Sewer Municipal sewage system
Listed by Chamberlain Property Group